Cullen/Frost Bankers Reports Strong Q4 Earnings, Exceeding Analysts' Expectations
San Antonio, Texas - Cullen/Frost Bankers Inc. (CFR) announced its fourth-quarter financial results on Thursday, showing a notable increase in earnings.
Earnings:
* $154.9 million in net income, translating to $2.36 per share
* Exceeded analysts' consensus estimate of $2.17 per share
Annual Performance:
* $582.5 million in net income, or $8.87 per share
* Revenue totaled $2.15 billion
Stock Performance:
* Cullen/Frost shares have gained over 3% since the year's start
* 28% increase in stock value over the past 12 months